LaSalle LOGIPORT REIT completed the acquisition of two Japanese properties from Logistics fudosan-hanbai GK for a ¥15.05 billion collective sum.
The industrial real estate investment trust paid ¥6.90 billion for the LOGIPORT Hiratsuka-shinmachi property in Hiratsuka, Kanagawa, and ¥8.15 billion for the LOGIPORT Sakai-minami-jimacho asset in Sakai, Osaka.
According to an earlier release, the assets will generate a net of investment yield for the trust worth 4.8%.
As of March 2, US$1 was equivalent to ¥105.54.
